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Nov 29, 2012
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. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would feel tropical. rain moves back in later this afternoon and evening . >> steve time is now 8:14. next month cosco will spend $3 billion to pay a special 7- dollar dividend to share holders. they want to make the pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal cliff talks with
. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would...
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Nov 29, 2012
11/12
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obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...
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Nov 29, 2012
11/12
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. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promote
. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's...
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Nov 29, 2012
11/12
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s negotiations with the obama administration to solve the government's fiscal cliff. since the election, mr. rom knit has secluded himself from the media at his southern california home making no public appearances but has bad photographed killing his car at a local gas station and taking a day trip with his grandchildren to nearby disneyland. linden in bristol, virginia on our democrats line. the g.o.p. says to address the spending problem, what do you think? caller: i kind of agree more with the president that it should be a balanced approach. yes, we probably do have a spending problem. i agree. but i definitely believe that there is a problem with our revenue and you know, to go back for guys who make billions or millions of dollars every year and just interest alone, who -- a secretary to work every day does that 40 hour a week. so i think it's a balanced approach leaning more towards revenue as a way to solve things. definitely got to cut spending. the other thing i wanted to say is, i'm in the 3%, the 3% of americans -- and i'm also in that smallest percentage
s negotiations with the obama administration to solve the government's fiscal cliff. since the election, mr. rom knit has secluded himself from the media at his southern california home making no public appearances but has bad photographed killing his car at a local gas station and taking a day trip with his grandchildren to nearby disneyland. linden in bristol, virginia on our democrats line. the g.o.p. says to address the spending problem, what do you think? caller: i kind of agree more with...
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Nov 29, 2012
11/12
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he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a negotiation. >> yesterday, president obama met with corporate ceos who said that a compromise is essential to avoiding the so-called fiscal cliff. here is ceo lloyd blankfein. >> reporter: if this were easy, we wouldn't be standing here having come fabs at the white house how to achieve it. it's going to be difficult. i think what we try to do is we try to get in as good a place as we possibly can. i would rather have more of the -- more of the taxes deferred to beyond the period where the economy is weak. >> well, maybe all of this is working. markets around the world are up today, a sign of
he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a...
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Nov 29, 2012
11/12
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to reach out to republicans in order to avoid the fiscal cliff. president obama first invited romney on election night when romney called to concede and the romney adviser said it is very gracious and the right thing to do. no aides will be present at today's meeting. the two will speak one on one. even though the two parties are saying they are willing to reach across the aisle during fiscal cliff negotiations, we're not seeing much in terms of a deal. the latest roadblock is the cost of federal retirement programs. republicans are staying is up to the president to cut back on medicare medicaid and social security but democrats want entitlement programs completely off the table. today, the white house is sending treasury secretary timothy geithner and congressional negotiator rob neighbor to capitol hill where they will lay out their proposal with speaker boehner. more bill press is coming up after the break. as always, we're live in our chat room and would love to see you there. current.com/billpress. we're right back. you're about to watch a vi
to reach out to republicans in order to avoid the fiscal cliff. president obama first invited romney on election night when romney called to concede and the romney adviser said it is very gracious and the right thing to do. no aides will be present at today's meeting. the two will speak one on one. even though the two parties are saying they are willing to reach across the aisle during fiscal cliff negotiations, we're not seeing much in terms of a deal. the latest roadblock is the cost of...
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Nov 29, 2012
11/12
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we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there who have have worked 40, 50 years they are in construction, waiters, waitresses and they have worked their entire lives and they are exhausted and they should not be asking to work to 67 to get health care. >> people are living much longer than they were in the '60 when the 65-year limit came into effect. >> if you are looking at people who reached the age of 65, unfortunately, in this country, life expectancy hasn't increased all that much. >> we interview
we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from...